Economists at Credit Suisse revise their EUR/CHF target downward from 0.9700 to 0.9400. They still believe that the fundamental drivers for a lower EUR/CHF are in place.
“As we still believe that the fundamental drivers for a lower EUR/CHF are in place, we revise our target downward again to 0.9400.”
“As a level where we would consider our view incorrect, we suggest a daily NY close above 1.0060, down from 1.0525 previously.”